SFO: LIBOR – Criminal offences are capable of covering conduct

In a short statement issued today the SFO confirmed that further to its announcement on 2 July 2012, David Green QC, Director of the SFO, is satisfied that existing criminal offences are capable of covering conduct in relation to the alleged manipulation of LIBOR and related interest rates.

The SFO confirmed that the investigation into LIBOR, announced by the SFO on 6 July, involves a number of financial institutions.

The statement did not reveal which criminal laws may have been violated.